Nasdaq

Nasdaq's reported carbon emissions

## Nasdaq's Climate Commitments and Emissions Overview Nasdaq, headquartered in the US and operating within financial intermediation services, is actively engaged in reducing its environmental impact and has established comprehensive climate commitments. ### Greenhouse Gas Emissions For the reporting year 2024, Nasdaq reported a total of approximately **87.1 million kg CO2e**. This figure is comprised of: * **Scope 1:** Approximately **79,000 kg CO2e** * **Scope 2 (Market-based):** Approximately **229,000 kg CO2e** * **Scope 3:** Approximately **86.8 million kg CO2e**. Key contributors to Scope 3 emissions include purchased goods and services (approximately 58.2 million kg CO2e) and business travel (approximately 12.5 million kg CO2e). In the preceding year, 2023, Nasdaq reported a total of approximately **107.8 million kg CO2e**. This breakdown was: * **Scope 1:** Approximately **75,100 kg CO2e** * **Scope 2 (Market-based):** Approximately **962,000 kg CO2e** * **Scope 3:** Approximately **106.8 million kg CO2e**. Significant contributions came from purchased goods and services (approximately 69.9 million kg CO2e) and business travel (approximately 22.4 million kg CO2e). ### Climate Reduction Targets and Initiatives Nasdaq has set ambitious science-based targets aligned with global climate goals. These include: * **Net-Zero by 2050:** Nasdaq has a validated and published net-zero science-based target to achieve net-zero greenhouse gas emissions across its value chain by 2050, with a 2021 base year. * **Scope 1 and 2 Reductions:** * A near-term target aims for a 100% reduction in absolute Scope 1 and Scope 2 greenhouse gas (GHG) emissions by 2030, using a 2021 base year. * Long-term, Nasdaq commits to maintaining a minimum of 100% absolute Scope 1 and Scope 2 GHG emissions reductions from 2030 through 2050. * **Scope 3 Reductions:** * A near-term target aims for a 50% reduction in absolute Scope 3 GHG emissions by 2030 from a 2021 base year. * A long-term target aims for a 95% reduction in absolute Scope 3 GHG emissions by 2050 from a 2021 base year. Further details indicate varying base years and percentages for some targets. For instance, certain targets reference a 2022 base year for Scope 1 and 2 reductions, aiming for 100% by 2030, and a 95% reduction in Scope 3 by 2050. Another set of targets, with a 2023 base year, aims for 90% reduction in Scope 1 and 2 by 2032, and a 50% reduction in Scope 3 by 2032, with a long-term goal of 90-95% reduction in Scope 1, 2, and 3 by 2050. In other instances, specific commitments include reducing absolute Scope 1 and Scope 2 GHG emissions by 42% by FY2030 from a FY2025 base year. Nasdaq also commits to increasing its sourcing of renewable electricity to 100% by 2030 and has set targets for suppliers to adopt science-based targets.